Thursday, December 27, 2012

e-TDS :- Who is Tax Payer ?

In tdscpc.gov.in (TRACES), a word has been used as Tax Payer. In general tax payer word is usded for filing of Income Tax Return, but in case TDS, Tax Payer word has been used for deductee. All the deductees have been categorized into three types which are given detailed below :-

Who is a Tax Payer (Deductee)?

A Tax Payer (Deductee) is the person, from whom the tax is being deducted or accrued for deduction. Depending on the nature of the deduction being made, deductees and respective submission forms are categorized into three types:

Salaries: In case of salaries, the deductee is termed as an Employee. All the information of deductions and payments in this category should be submitted in Form 24Q to the government.

Non-Salaries - Resident: In case of non-salaries and payment being made to a resident in India, the deductee is termed as a Deductee or a Party. All the information of deductions and payments in this category should be submitted in Form 26Q to the government.

Non-Salaries - Non-Resident:In case of non-salaries and payment being made to a non-resident of India, the deductee is termed as a Deductee or a Party. All the information of deductions and payments in this category should be submitted in Form 27Q to the government.